Stock Story -
What Happened: Shares of outdoor lifestyle products brand (NYSE:YETI) jumped 16.8% in the afternoon session after the company reported second quarter earnings results. YETI beat analysts' EPS expectations. Its revenue also outperformed Wall Street's estimates. Management called out strengths in the Coolers & Equipment category and the International markets. Overall, this quarter was mixed but with some key positives.
Is now the time to buy YETI? Find out by reading the original article on StockStory, it's free.
What is the market telling us: YETI's shares are very volatile and over the last year have had 10 moves greater than 5%. But moves this big are very rare even for YETI and that is indicating to us that this news had a significant impact on the market's perception of the business.
The biggest move we wrote about over the last year was 3 months ago, when the stock gained 16.1% on the news that the company reported first quarter results that blew past analysts' EPS expectations. Its revenue also outperformed Wall Street's estimates. The company called out a balanced contribution from both wholesale and direct-to-consumer channels. International sales also grew to a record 19%, assisted by a re-acceleration in domestic growth. While full year revenue guidance was maintained, EPS guidance was raised. Overall, we think this was a really good quarter that should please shareholders.
YETI is down 15.7% since the beginning of the year, and at $42.49 per share it is trading 20.7% below its 52-week high of $53.60 from December 2023. Investors who bought $1,000 worth of YETI's shares 5 years ago would now be looking at an investment worth $1,370.
![YETI (YETI) Stock Trades Up, Here Is Why](https://d68-invdn-com.investing.com/content/pic874f73be9bc39dc1beb02891b867b7f4.jpeg)